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The Miami lodging market could receive nearly $750 million in capital influx this year amid strong growth in hotel performance, experts from Jones Lang LaSalle's Hotels & Hospitality Group said during an investment conference in Miami. "The year is off to a great start with US$200 million of hotels traded right out of the gate in the first quarter, which is a traditionally slower quarter. The market is positioned to continue to outperform national averages, further solidifying its position as one of the top investment and hospitality markets," said Andrew Dickey, vice president of JLLH&H in Miami.

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Jones Lang LaSalle's Hotels & Hospitality Group reports that investment activity in the Asian hotel market is showing significant growth, with transaction volumes reaching $1.2 billion during the third quarter. Hotel investments were up 145%, to $3.9 billion, compared with the previous year.

A number of Asian countries -- particularly the Maldives, Hong Kong, Singapore, Japan and Thailand -- are experiencing a surge in hotel transactions amid growth in their tourism industries. Jones Lang LaSalle's Hotels & Hospitality Group reports that hotel acquisitions in Asia during the first half of 2013 rose 85% from the previous year, to $1.3 billion, and are forecast to reach $5 billion by the end of the year. "Most of the parties that are attracted to this part of the world are chasing that economic growth story. They're investing where we have that rise in the middle class and where there are genuine opportunities for the hotel sector, where new hotels are needed," said Mike Batchelor, a managing director at Jones Lang LaSalle.

A number of hoteliers have seen strong growth in advance bookings this summer against last year, in line with positive forecasts by STR for June, July and August. They attribute the encouraging metrics to a continued rise in demand against a muted supply growth, as well as improved consumer and business confidence. Pricing power also has returned, some hoteliers say, allowing hotel rates to slowly inch back up toward the peak rates of 2007-08.

The Miami hotel market posted a transactions volume of $557 million in 2011 and is expected to hit $650 million this year, Jones Lang LaSalle Hotels said in a report. The group pointed to strong rates growth in the city as the reason for the rising investor interest. "High demand levels and significant rate premiums will enable the city to maintain a strong hotel performance over the medium term, piquing investor interest," said Gregory Rumpel, Jones Lang LaSalle Hotels managing director in Miami.

Jones Lang LaSalle Hotels predicts 2007 will be the fourth consecutive year of record hotel sales, but huge transactions like Blackstone's $26 billion purchase of Hilton Hotels will not be a trend in 2008. Because of the credit crisis, more stringent lending rules will make it harder for investors to get significant sums needed for "mega deals," said Arthur Adler, CEO of Jones Lang LaSalle's Americas unit.